Supervalu has named Anne Dament svp/retail, merchandising and marketing.
Supervalu posted a net loss in its third quarter, following the recent sale of its Save-A-Lot business.
Supervalu has finalized the previously announced sale of its Save-A-Lot business to an affiliate of Onex Corporation for $1.365 billion in cash, subject to customary closing adjustments.
Following Supervalu’s sale of its Save-A-Lot division, the supermarket retailer posted a soft second quarter, with flat earnings and a decline in sales.
Supervalu has entered into a definitive agreement with an affiliate of private equity firm Onex Corp. to sell its Save-A-Lot discount grocery business for $1.37 billion in cash.
For its first quarter, Supervalu saw net earnings and sales drop as it continues to explore a potential spin-off of its Save-A-Lot division.
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